FY 2025 Phase I Release 2

The Department of Energy (DOE) has issued a Notice of Funding Opportunity (NOFO) for the FY25 Phase I Release 2 under the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, aiming to provide approximately $65 million for new awards. The application process includes submitting a required Letter of Intent by January 14, 2025, and the deadline for full applications is February 26, 2025. Eligible applicants include small, independent U.S. businesses that meet specified criteria regarding ownership and size. Awards can reach up to $250,000 for Phase I and $1.85 million for Fast-Track projects, with performance periods of 6-12 months for Phase I or up to 36 months for Fast-Track. The NOFO encourages proposals that contribute to DOE missions, emphasizing innovation and the potential for commercialization. Highlights include acknowledgment of equity, diversity, and inclusion in applicant participation, as well as restrictions on the involvement of venture capital-backed entities. Compliance with federal laws and regulations, particularly in terms of reporting and responsibilities under the Bipartisan Infrastructure Law, is mandatory for award recipients. The overall focus is on supporting technological innovation and economic growth through small business participation in research and development activities.